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The Renegade Trade: Commercial Real Estate

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When you can't figure out which way the market is going to swing, we bring you the trades that go their own way. Check out tonight's renegade trade...

Strazzini said there were surprises in gold this week. The impetus seemed to come from people wanting to get out of emerging markets.

In this environment, Strazzini likes commercial real estate because it's insulated. They have long term leases and locked up cash flows. You have to look at the REITs. None of the turmoil is going to impact them.

Alexandria Real Estate Equities is a REIT he really likes. They own life science and healthcare facilities, and a great buying opportunity presents itself here.

Strazzini said Simon Property Group is another REIT that own malls and shopping centers. They are completely insulated from this, but if there is a retail slowdown it could have trouble. He's cool on Simon and loves Capital Trust.

Bolling said Public Storage is a name he’s recommended for a long time in the space.

Sunrise Senior Living and Manor Care are also good plays because baby boomers are getting older and will need assisted living care, Bolling said.

"Capital Trust was decimated and I don’t see why", said Adami. "I think CT is a name you want to own and want to hold."

Trader disclosure:
On MAR 6, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders.
Strazzini Owns (MO)
Bolling, Short Nasdaq Futures, Short S&P Futures, Short Corn, Owns Gold, Owns Soybeans, Owns Silver, soybean meal, soybean oil
Macke Owns (JWN)

Questions? Comments? fastmoney@cnbc.com